In August 2026, 25 homes sold in 32561 at a median of $685,000, taking a typical 43 days to sell. There are 126 homes on the market at a median of $776,500, and 30 more under contract.
The numbers
Measure | August 2026 |
|---|---|
Homes sold | 25 |
Median sale price | $685,000 |
Median days on market | 43 |
Price per square foot | $500 |
Homes for sale | 126 |
Median list price | $776,500 |
Under contract | 30 |
Sale-to-list ratio | 97.7% |
Months of supply | 5.0 |
What's actually going on
This report covers zip 32561 — the Gulf Breeze peninsula and Pensacola Beach. The mainland Midway side of Gulf Breeze is a separate market and is reported separately.
The number that matters here is $500 per square foot. Mainland Gulf Breeze runs $214. That's the waterfront and beach premium, and it's the single biggest price gap between two adjacent zip codes anywhere on this coast.
This is an entirely upper-bracket market. Of the 25 sales in August, none were under $350,000 and 20 were above $500,000. There is effectively no entry-level here.
It moves slowly, and that's normal for what it is. Homes took a median of 43 days to sell, while what's still listed has been sitting a median of 97 days — over three months. At 5.0 months of supply this is close to a buyer's market, which is typical for beach and waterfront inventory where many owners are holding second homes rather than needing to move.
The housing stock is old by Gulf Coast standards — sold homes were built around 1977, listings around 1987. Location is what's being bought here, not the building.
If you're selling
Homes here closed at a median of 97.7% of asking. Price to the market and you'll land close to your number — the discounting happens to homes that started too high.
With 126 homes for sale and 25 selling a month, you're competing against roughly 5.0 months of inventory.
If you're buying
11 of the 25 homes that sold took more than two months, and 126 are still listed — a median of 97 days each. Anything sitting is worth an offer.
Common questions
How long does it take to sell here? A median of 43 days in August. 12 of 25 sold in under 30 days and 11 took more than 60.
Buyer's or seller's market? About 5.0 months of supply. Under four months generally favours sellers; over six favours buyers.
What do homes actually cost? The median sale was $685,000, at about $500 per square foot. Of the 25 sales, none were under $350,000, 5 were between $350,000 and $500,000, and 20 were above $500,000.
Data: Pensacola MLS, closings in August 2026, zip code 32561. Pulled September 2, 2026. Figures are medians for residential listings.
Tyler Darden — REALTOR®, Military Relocation Professional · Real Broker, LLC · Licensed in Florida (SL3662859) and Alabama (146317)
